LY iTECH(SZ:002600) Zheng Quan Shi Bao Wang·2025-09-29 12:05Core Viewpoint - Lianyi Intelligent Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and competitiveness [1] Group 1: Company Developments - Lianyi Intelligent Manufacturing announced its intention to issue H-shares and list on the Hong Kong Stock Exchange to expand its overseas business and improve its international profile [1] - The company is currently in discussions with intermediaries regarding the H-share issuance, with details yet to be finalized [1] - The H-share issuance will require approval from the company's board and shareholders, as well as regulatory review from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] Group 2: Financial Performance - In the first half of 2025, Lianyi Intelligent Manufacturing achieved revenue of 23.625 billion yuan, a year-on-year increase of 23.35%, and a net profit of 930 million yuan, up 35.94% [2] - The company's domestic and international sales accounted for 25.79% and 74.21% of total sales, respectively [2] - The AI terminal business generated revenue of 20.865 billion yuan, growing 17.26%, while the automotive and low-altitude economy sectors saw revenue of 1.183 billion yuan, up 38.41% [2] Group 3: Market Trends - The stock price of Lianyi Intelligent Manufacturing hit the daily limit, closing at 16.18 yuan per share, with a total market capitalization of 113.4 billion yuan [3] - The consumer electronics supply chain is experiencing a trend of companies planning to list in Hong Kong, driven by complex global trade dynamics and increasing local service demands [3] - Industry experts believe that companies with global production capabilities and localized operations will have a competitive edge, making the Hong Kong listing a strategic move for supply chain enterprises [3]